The global oncology information system market is estimated to grow at a CAGR of 8.5% in the forecast period. Development of technologically advanced OIS, increasing prevalence of cancer, rapidly aging population, and increasing adoption of oncology information system are key factors fuelling growth of this market. However, shortage of healthcare IT professionals and high maintenance and service expenditure are some of the key restraints hampering the market. The market is expected to reach $2.6 billion by 2019 at a CAGR of 8.5% from 2014 to 2019.

Emerging markets such as China, India, Brazil, and Mexico are the new revenue pockets for companies that are engaged in the development and marketing of oncology information system. Growing patient population, government-sponsored cancer programs, and rising trend of medical tourism owing to low-cost treatments are the key factors propelling demand for oncology information system in these emerging nations.

As of 2013, Elekta AB (Sweden) and Varian Medical Systems, Inc. (U.S.) hold the leadership position in the global oncology information system market. Some of the other key players in this market are Accuray Incorporated (U.S.), Altos Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Elekta AB (Sweden), Epic Systems Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), and McKesson Corporation (U.S.). Market players primarily focus on the development of innovative software solutions and inorganic strategies such as acquisitions and agreements in order to ensure their growth in this market.

List of relevant customizations that can be offered for Oncology Information Systems Market report: -

Global Treatment Planning Systems Market

Market Share Analysis [only for top players together accounting for ~80% of the Global Treatment Planning Systems Market in 2014]

This report categorizes the global oncology information system market into the following segments and subsegments:

Global Oncology Information System Market, by Products and Services

Software

Patient Information Systems

Treatment Planning Systems

Professional Services

Consulting/Optimization Services

Implementation Services

Post-sale & Maintenance Services

Global Oncology Information System Market, by Application

Medical Oncology

Radiation Oncology

Surgical Oncology

Global Oncology Information System Market, by End User

Hospitals & Physician's Offices

Governmental Institutions

Research Centers

Global Oncology Information System Market, by Region

North America

U.S.

Canada

Europe

Germany

U.K.

France

Rest of Europe

Asia-Pacific

Japan

China

India

Rest of Asia-Pacific

Rest of the World

Latin America

Middle East

Africa

On the basis of type of products and services, the global oncology information system market has been divided into two major segments, namely, software and professional services. The software segment is further classified into patient information systems and treatment planning systems. Likewise, the professional services segment is further divided into consulting/optimization, implementation, and post-sale & maintenance services. The patient information systems segment accounted for the largest share of this global market in 2014. Furthermore, the treatment planning systems segment is expected to grow at the highest CAGR in the next five years, owing to various growth strategies followed by market players and technological advancements in the field of radiation oncology.

On the basis of type of application, the global market is classified into three major segments, namely, medical, radiation, and surgical oncology. The medical oncology segment accounted for the largest share of the global oncology information system market in 2014, and it is expected to grow at the highest CAGR of in the next five years, owing to the technological developments in the field to provide advanced cancer care.

On the basis of type of end user, the global market is classified into three segments, namely, hospitals & physician's offices, governmental institutions, and research centers. The hospitals & physician's offices segment accounted for the largest share of this global market in 2014, and it is expected to grow at the highest CAGR of 9.7% in the next five years, owing to a significantly large number of cancer cases and rising adoption of technologically advanced cancer treatment systems in hospitals globally.

The global oncology information system market is estimated to grow at a CAGR of 8.5% from 2014 to 2019.

A number of factors such as the development of technologically advanced OIS, rising number of cancer cases and reoccurrence of secondary cancer, aging population, and increasing government sponsored health care programs are propelling the growth of this global market. However, dearth of healthcare IT professionals and unfavorable healthcare reforms in the U.S. are some major factors restraining the growth of this market. In addition to this, privacy and security issue associated with patient information is a one of the key challenges faced by market players in the oncology information system market.

On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global oncology information system market was dominated by North America. A number of factors such as increasing number of cancer cases, increased investment in healthcare IT, and high adoption rate of technologically advanced systems in North American countries are driving the growth of this global market in the North American region. The Asia-Pacific market is expected to grow at the highest CAGR of 11.5% from 2014 to 2019 due to factors such as large population base, increasing initiatives related to modernization of healthcare infrastructure, and rising government efforts to broaden public access for modern healthcare systems.

Agreements and partnerships, and strategic acquisitions are the key strategies adopted by the major players to strengthen their product portfolio and expand their geographic presence to sustain their position in the market.